ATM Services

The Reserve Bank of India, issued the final guidelines on White Label Automated Teller Machines (WLAs) in India in June 2012. White Label ATMs are ATMs set up, owned and operated by non-bank entities incorporated in India under the Companies Act, 1956. Under the guidelines, non-bank entities incorporated in India under the Companies Act, 1956 will be permitted to set up, own and operate ATMs in India. Authorised company has received in-principle approval from RBI.

The salient features for this business are -

  • For sourcing the locations, we need only a space of 4*4 or any other combination in the shop.
  • The photograph of the location along with the details of the geography is to be given for approval. The detail should mention the approx. population of the area, population of ATMs in that geography and our estimate of daily transactions from that space. ( format will be provided once you accept the offer)
  • The electricity point we have to define in the shop but all the wiring and fitting will be done by Authorized Company.
  • The responsibility of managing the ATM, branding, security, cash management etc. will be of Authorized Company.
  • Locations responsibility will be to ensure proper electricity at the location and the electricity bill will be borne by the location only. In case, the area is prone to power cuts, the UPS for the ATM will also be installed by The Reserve Bank of India.
  • The approval will be purely on discretion of authorized company.

Your responsibility

  • Sourcing the location
  • Quality of the location
  • Activating the location for the desired business.

Our responsibility

  • Approval process
  • Ensuring the audit process
  • Setting up the ATM at the location
  • Entire back end activity to manage the ATM.
  • The approval will be purely on discretion of Authorized Company